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City of <br /> A <br /> Elk y <br /> „ Meeting of the Elk River EDA Finance Committee <br /> River Held at the.Elk River City Hall <br /> April 25,2017 ' <br /> Members Present: Larry Toth, Ryan Hardin,Dan Tveite,Jim Gromberg, Bryan Provo, Chad <br /> Vitzthum, and Nate Ovall <br /> 2 Members Absent: None <br /> Staff Present: 1 Amanda Othoudt, Economic Development.Director <br /> Others present: Mikaela Huot, Springsted and Pat Briggs,Applicant <br /> 1. Call Meeting to Order . <br /> Pursuant to due call and notice thereof, the meeting of the Elk River Finance Committee <br /> was called to order at 7:30 a.m. <br /> 2. Consider Agenda . <br /> Motion by Toth and-seconded by Ovall to approve the agenda. Motion carried 7-0. <br /> 3.0 Consent Agenda <br /> Motion by Ovall and seconded by Gromberg to approve the consent agenda. Motion <br /> carried 7-0. . • <br /> 4.1 Jackson Hill Residential Suites Housing TIF Application s <br /> Ms. Othoudt presented the staff report. The applicant has withdrawn his application. Ms. <br /> . Huot gave an update on the current Analysis prepared by Springsted. Members discussed <br /> changes'to the score sheet. <br /> 4.2 Reorganization of the EDA Finance Committee <br /> Ms. Othoudt presented the staff report. The HRA has received an increase in applications <br /> which is why the increase in membership to the EDA Finance Committee. <br /> Motion by Ovall and seconded by Hardin to recommend to the EDA and HRA that <br /> the committee consists of nine people;2`appointed from,the EDA, 2 appointed from <br /> the HRA and drop one at large member. Motion carried 7-0. <br /> 5.1 Announcements • <br /> l <br /> 5.1 Ethanol Technology Verbal Update <br /> Ms. Othoudt updated the members on a proposed settlement of$2,500. A new summary of <br /> judgement was given to the judge. Ms. Othoudt will keep proceeding to resolve this debt. <br /> 6. Adjournment <br /> 1 <br />